Interesting thoughts Dragon. Certainly silver did a big jump to $38 AUD. The world looks chaotic to me so who knows where it and gold will end. There's a lot to play out yet.
AMI after the Federation announcements rose to 64c. We had over $100 million in the bank. Then we did the Dagues deal watching the S.P drop to the mid 40s. Worst parts of the deal were the price we paid, and the financing which saw issued shares go from 860 million odd to over 1.2 billion. Question is, are we better off now or before? Time will tell. Management have a lot to prove in my book. Why we have granted rights at 57c is beyond me save that it represents 33% for those institutions that bought in at 43c, while also representing a loss for those who held at 64. I'm not impressed.
AMI Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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